Cad Railway Industries Ltd. has acquired Pro-Sphere Inc. Financial details have not been disclosed.
Cad Railway Industries, founded in 1968 in Lachine, Quebec, is a manufacturing company servicing the rail, marine, mining and power generation industries. The company offers its main customers in these industries integrated remanufacturing, repair, refurbishment and upgrading services for locomotives, freight cars, passenger diesel engines and components. The firm also manufactures custom replacement parts for rolling-stock.
Pro-Sphere is an engineering company which provides specialized consulting services to the rail transportation industry.
Oaklins' team in Montreal advised the buyer in this transaction.
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